Starting a new long build at 4015, no problem carrying it overnight....
THE BOUNCE: Trappy & Treacherous, then retest 2022 LOW
#51
Posted 16 May 2022 - 02:21 PM
#52
Posted 16 May 2022 - 02:24 PM
Bulls got no mojo...
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#53
Posted 16 May 2022 - 02:43 PM
closed +13
NQ +80
Now holding 3 ES & NQ hedge shorts
Thanks, Bears, for this dump that provided a good NQ DAYTRADING & HEDGE PROFIT
4th HEDGE SHORT
ES 4019
NQ 12330
Looks like the BULLS finally escaped the clutches of the BEARS in that ES 3980-90 zone; green hourly ES candle looks quite bullish
BUT, this market is too volatile, still many sellers.... so do not rule out another attempt to break below 3980
BEARS tried to break below ES 3980-90 support zone 3 times but failed
If they do try a 4th time then most likely they will succeed and a retest of last week's LOW is a high probability
Still holding 3 HEDGE SHORTS -- ES & NQ
Still think this is hammering out a LOW that can be sustained for days.... rally to at least ES 4300
closed .... order still not filled , .... 29.5 points
NQ + 119.5 points
Will reopen later ...
Added 4th hedge shorts
ES 4013.5
NQ 1235O
WILL ADD another ABOVE ES 4050
WANT to lower risks on this rally, gradually close LONGS except TLT CALLS
#54
Posted 16 May 2022 - 02:44 PM
Having a bit of a problem with this lower intra range market today
Yes very boring, I'm looking a 50 point plus day lol!! Profit stop now 4025 buy below, oh anddddd profit stop on my 4000 sold May put at 45.00 for a $ 5 profit if hit. While I'm letting my 3800 and 3500 continue to lose premium my 4000 is just now showing a profit as premium tanks!! I'm very sure we'll be above 4000 on Friday why take the risk just in case when there is a profit there. You never know may resell if hit lol!!
#55
Posted 16 May 2022 - 02:45 PM
...except this current plunge ...
Having a bit of a problem with this lower intra range market today
Yes very boring, I'm looking a 50 point plus day lol!! Profit stop now 4025 buy below, oh anddddd profit stop on my 4000 sold May put at 45.00 for a $ 5 profit if hit. While I'm letting my 3800 and 3500 continue to lose premium my 4000 is just now showing a profit as premium tanks!! I'm very sure we'll be above 4000 on Friday why take the risk just in case when there is a profit there. You never know may resell if hit lol!!
#56
Posted 16 May 2022 - 02:51 PM
Well that's exciting, average long now 4007 and I made a $5 profit on my sold May 4000 puts that were supposed to see the end of the world lol!!! Just sold the May 3900 put for $17, will hang onto this one for a couple more days I think....
#57
Posted 16 May 2022 - 03:21 PM
The market went on a consolidation at high today after the big rally last Friday, the signal it sent out is actually bullish ......................
Edited by redfoliage2, 16 May 2022 - 03:24 PM.
#58
Posted 17 May 2022 - 04:15 AM
4065
12501
Thank you, Pajama teaders
#59
Posted 17 May 2022 - 04:22 AM
The market went on a consolidation at high today after the big rally last Friday, the signal it sent out is actually bullish ......................
Today is the follow-up day from last Friday, another 2% up day ......................
Edited by redfoliage2, 17 May 2022 - 04:23 AM.
#60
Posted 17 May 2022 - 07:19 AM
Well surprise surprise, the markets up this morning. Another night of no profit stops as I knew my guys would keep the market up. Could see it pullback a bit more by the cash open so will put a profit stop on at 4060 and see after that. May put trades are looking great now as were 4 trading days out. Would love to see the market up a bit more for a short but we'll see how the day goes, the battle for 4000 may continue all week!!!!